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Siltronic’s acquisition falls through

The takeover of the German semiconductor specialist Siltronic by the Taiwanese Globalwafers Group has fallen through. Globalwafers had obtained all the necessary approvals, including that of the Chinese competition authority. Only the approval of the German Federal Ministry of Economics and Climate Protection had failed to materialize, preventing Siltronic’s acquisition. The deadline for submission passed on January 31. “It was not possible to complete all the necessary review steps as part of the investment review,” explained a ministry spokeswoman. “this applies in particular to the review of the antitrust approval by the Chinese authorities, which was only granted last week.”

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